2012-12-12
2012-12-12
STATION
CNNW 11
MSNBCW 8
CNBC 6
CSPAN 5
KPIX (CBS) 5
CSPAN2 4
KGO (ABC) 4
KQED (PBS) 4
KQEH (KQED Plus) 4
KTVU (FOX) 4
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English 82

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in the field of science and technology. >>> china's new communist party leader has gone on his first tour since assuming the post last month. he's promising to carry on with the reforms of his predecessors. state-run china central television reported on xi's five-day trip. he laid flowers last saturday at the statue of the late leader. he said he'll push forward with reforms and with opening up china. xi appears to be following in dong's footsteps. the former leader visited the province 20 years ago and preached about accelerated reforms and more openness. >>> bankers are going through some troubled times these days. dirty money, bank rates manipulated, insider trading. ai joins us now from the business desk. ai. >> catherine, thanks. it seems bankers were a little too lax with their bankers. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to

beijing on china's response. >> reporter: chinese foreign minister spokesperson condemned the launch in a routine news conference. >> translator: it's regrettable that north korea went ahead with the launch despite the international community's close attention. as a member of the united nations, the north has the obligation to respect security council resolutions. >> reporter: but the chinese official expressed a kosher stance toward additional sanctions against the north. china urged north korea to exercise self-restraint. its officials had expressed hope the north would behave cautiously from the broad per suspect i of peace and stability on the korean peninsula. that the leadership in pyongyang did not heed that call and went ahead with the launch anyway. it demonstrates that china's influence on the north is limited. it should be noted here that china has been calling for more action from other countries. its contention is that the rest of the world should act to prevent tension on the peninsula from escalating further. china is apparently concerned that strong international crit

of chinese people shopping. do you go to china and let them know about saks? i think there is an opportunity that is untapped. it is one of our fastest growing customer bases. we are seeing a slowdown in european tourists. i believe that we need to do some marketing in china. we need to see the u.s. as one of the great destinations of the world. >> i was recently at a competitor of yours. they had mark downs on warm weather clothes. >> cold weather clothing because of the heat, the warm weather is having issues. it is a small piece of our business. but hopefully it is going to get cold again. >> i have to tell you, i wish you the best of luck. it sounds like despite the plagues, things have been doing pretty well. this remains a very good call on if you believe the stock market is going to go higher. it's not all about the fiscal cliff. you heard it from the man. stay with saks, stay with cramer. >> coming up, are you ready to get charged up? cramer goes electric on a hyperactive lightning round. >>> it is time for the lightning round. play to this sound and then the lightning round is over

not fear this would lead to military clash with china. i said, i was not concerned of that. and when asked why, i said, i think, well, because we have the best damn navy in the world. this was not an extravagant or hyper bolic statement t. was simply a statement of fact. it was a fact that not only i knew. it was a fact which other nations understood. even one carrier battle group had more military fire power than any other nation's entire navy, and we had two of them on the way to taiwan. so, i was confident that no one was going to challenge the fleet that we were sending there. this -- and in fact, they did not challenge it even before our two carrier battle ships arrived in taiwan, the crisis was over and the maneuvers had been subsided. this positive result was possible because of the military capability of our navy and because both carrier battle groups were battle ready and able to steam towards their destination in less than 24 hours. so, why were we able to respond so effectively? certainly one important reason, because the technology in our ships was the best in the world. the r

. even china is alarmed. >>> jenna bush hager announced on the "today" show they are expecting. george and laura bush call in their congratulations. >> president, mrs. bush, what do you want the grandchild to call you? >> sir. [ laughter ] >> we want to call him poncho. >> jimmy baker's grandkids call him happy. i kind of like the ring of that. >> it means boss. >> popsicle isn't half bad either. >> yeah, speak for yourself. >> happy days and good day, i'm andrea mitchell live in washington. and we are 20 days away from that so-called fiscal cliff. in our new nbc news/wall street journal poll just out for us today, most americans say they want compromise. joining me here for our daily fix, chris, msnbc contributor and managing editor of postpolitics.com. the fiscal cliff, the people that we polled, americans get it. they want, two-thirds of them, 65% say they want a deal to be done. they want compromises even if it means targeted entitlement cuts and tax increases. >> yeah, and i don't think we should be terribly surprised by that, andrea. the truth of the matter is over the last decad

of course its friend, china is on the security council and has blocked those kind of actions in the past, jenna. jenna: interesting that you mentioned china. is there any indication that the north koreans had help from the outside? any sort of outside country with this launch? >> reporter: well there is no evidence per se but it is widely known that the north koreans could not get the parts for their ballistic missile program without having those parts flown through china, bypassed through china. there also have been reports on the voice of america that an iranian team of scientists have been seen recently, in recent days in north korea. so there is questions about the relationship between, and any help that may have been provided to the north koreans by the iranians. clearly the north koreans are very proud of this long range ballistic missile launch. the one in april failed miserably. and for the first time then they admitted that it did fail publicly. this time they extended the window and did not invite foreign journalists to watch this and simply announced when it was successful. th

at the first north american exhibit of work by china's ai wei wei. brown: antique wooden stools from the chink dynasty. a video documenting changes along a major street in beijing an ancient vase with a modern-day logo. now on display at the smithsonian's museum in washington d.c. in an exhibition called "according to what," these are the works by the chinese artist away way. a prankster who can make a tea house literally out of tea leaves and represents the surveil-camera that watches him at his home in china is a marble sculpture. he's a visionary who helped design the bird's nest stadium for the application and whose use of social media is shifting the boundaries of art and activism and a dissident. he took a picture and tweeted it even as he was being arrested in 2009. and then spent 81 days in prison, was beaten and made the x-ray image of the damage he suffered into an art work. >> for me living in today's world, if you live in china, it's very hard to do a work which is not... which does not reflect or suggest the other possibility and meanings. all the works i do which connect or refle

is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are stil

of the sea travel in and out of the port and any part for the missiles would have come through china which is north korea's only friend and, then, the voice of america reported this week that an iranian team had been seen in north korea in recent days and there is some presumption that, in fact, iranians may have helped them. this is the first successful long-range rocket this year. earlier in april it was not successful. certainly, all eyes are on iran in weres of the role it my have played. >>shepard: thank you. we have used a carrot and stick approach with north korea over the years. it doesn't really seem to have made were of a difference. we will look at the diplomatic efforts with the former away bill richardson who has lots of experience dealing with north korea. and 100 countries throwing their support behind the syrian rebels . so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so t

, as of right now china owns $1.15 trillion of our debt. then, number two on the list, is japan with $1.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for ye

china. >> i think you saw the chinese make clore their opposition to this launch, prior to it and the regret over the fact it took place after it happened. >> we are very much ready to engage with our colleagues on the council. we will be searching for a clear and credible response. >> kim jung un is expected to capitalize on the boost of the internal standing that the launch provided to move to conduct another nuclear test. five years ago, then senator obama vowed for diplomacy with dictators like kim. >> would you be willing to meet with the leaders of iran, syria, venezuela, cuba, north korea? to bring the gap the divides our countries. >> i would. the reason is this. the notion that somehow not talking to countries is punishment to them, which has been the guiding diplomatic principle of this administration is ridiculous. >> yet, it was under the bush administration that the six party talks were launched and achieved the notable success. north korea demolition in 2008 of a water cooling tower used in the nuclear programs. with the obama administration ruling out dire

china and the 1930's. his father fought in world war ii and worked as a cook. he passed away when the mayor was 15. his mother was a seamstress and a waitress. mayor lee has five siblings, he graduated from college in maine, he also went to uc- berkeley law school and finished in 1978. he and his wife have two daughters. i also want to mention, prior to becoming mayor, one of the key points in his contributions to the community is after he completed law school, he worked as a managing attorney for the san francisco asian law caucus, where he was an advocate for affordable housing and the rights of immigrants and renters. mayor lee -- [applause] >> thank you. welcome to city hall. the people's city hall, san francisco. i want you all to note that that was such a wonderful rendition of our national anthem. please give another applause to the millennium -- melanie and her daughter. i am so excited about all of you and seen so many of you from all over our state. come to city hall anin san francisco, welcome. i would like to welcome the former secretary of transportation. [applause] t

about china electric demand being strong. remember, they make coal machinery, depending upon how much electric demand there is in china, his orders go up. that's why i think people are surprised the stock eel not down big, given his concerns throughout the near term. >> comments, the buybacks continue. >> now, i begin to say, wait a second. one buyback, maybe -- too much coincidence here. you have the news out of joint global. i think people are starting to say this fourth quarter's an inflection point for china. less worried about inflation, more worried about pro-growth. cummins is a uniquely chinese story. so many truck engines go there. let's keep track of this. >> a lot of people say if you've got gdp growing again and inflation as low as it is, that is the sweet spot, that is where you always want to be. >> india came out with global stuff. coal, i know, we're only used to seeing coal phased out in this country. they love coal in china. i don't want to make a judgment on whether that's -- but they are huge coal plant builders there. huge. >> an important one to watch. we'll talk

, calling it a violation of u.n. security council resolutions. and china, north korea's long-time ally, also expressed regret launch calling on the state to abide by u.n. resolutions. now u.n. security council diplomats have also set up an emergency meeting today at the request of the u.s. and japan. back to you. >> all right. thanks for that. >>> the senior fellow at the school of international studies at the technological university. thanks for joining us. what does this test do today? what's the impact on regional securit security? >> short term, i don't think the impact is going to be particularly severe. in some ways it's been priced in. and for once, north korea's rocket actually did what it was supposed to do which is fly south and not pass over any territory. so in that sense, the reaction can be contained. on the other hand, it caught people by surprise. and i think there will be questions ask the about how could the intelligence -- how good the intelligence was in the u.s. and south korea in failing to pick this up. >> how significant is it that this launch appears to be successful

valley back to highway 1. >>> 6:43. -- add china to countries condemning north korea's launch of china long been an ally so this criticism hits home for north korea. china regrets the north went ahead with the land: north korea says they intend to place a satellite into orbit several nations see it as a cover for a test of technology that could be used to launch a nuclear warhead. u.s. defense officials say the first stage appears to have fallen into the yellow sea and the second into the philippine sea. >>> music icon shank are -- shankar has died. he is the father of singer norah jones although they've been estranged for years. he died at a san diego hospital after come plaining of breathing problems, he was 92-years-old. >>> share your holiday, 21st annual food drive. next back to meteorologist mike nicco in walnut creek at the broadway plaza to find out how yo . >>> welcome back. 6:45. today we will be at three bay area locations for our share your holiday food drive. >> let's catch up with mike live at broadway plaza in walnut creek. how is it going? >>> it is going great. we've a

in congering this new horizon under his leadership. you have these leadership changes in china and japan next week, and it gives them a leg up in coming back to the negotiating table as a stronger country because they've demonstrated this long-range technolo technology. >> so you look back at april and the embarrassing failed launch. it has a lot of people wondering how this successful launch could come so quickly on the heels of the other, and it also has people asking who may be helping north korea at this time. obviously, iran enters into the picture when people do discuss this. is this something that is a game change for us in terms of how to deal with north korea and iran at the same time? >> i think it's a pretty big deal. the april launch was not successful, but if you track their launches going back to 2006, the 2006 and particularly the 2009 tests were fairly successful. so the fact that this one came about, whatever happened in april was something, some mechanical problem was catastrophic, but this test was clearly a success. yes, there is cooperation between iran and north korea. e

of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with the y2k situation. we borrowed a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. ma

for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is --

.n. security council. it's likely china will try to water down those provisions but it's also certain that the provisions will pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they thought there would be attempts to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has b

a satellite into orbit. its neighbors are unnerved. even china expressed regret at the move. the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop long-range ballistic missiles, the u.s. condemned this act. they are worried about the marriage of north korea's nuclear weapons with this long-range missile technology. this is the type of missile that if it was successful, as it appears to be, could reach parts of the united states, alaska, u.s. military bases in hawaii. but a u.s. efficiently i spoke with who used to work on north north korea for the defense department told me, there are still areas in which north korea has not made it as far as they would need to i

-party countries, the united states, south korea, japan, russia, china. china is a big player here, because they have the most influence. they have to figure out how to deal with this new leader. i mean, they've got nuclear weapons. they've got missile technology, but they're also very poor. they're also possibly their sending a trial balloon saying, we want to bargain. i don't know, because very few people have met this new leader and which direction he wants to go is still uncertain. >> so in a lot of all that, i mean, what do you recommend if you were actually advising president obama at this time to do? people don't know who he is. he, obviously, is trying to do the muscle flex here. the six-party talks have been a failure. they basically ended back in 2009. what would you recommend? >> well, i'm not privy to their deliberations. what i would recommend is, first, you do have to fulfill obligations under the security council. there was a violation of missile launching. but i think a more creative way to deal with him needs to happen, and it has to solve south korea, japan, china and us p

campaign saying president obama was responsible for jobs, cheep jobs, being sent over to china. something that never happened. here's parts of it. let's listen. >> obama took gm and kries ler into bankruptcy and sold chrysler who were going to build jeeps in china. mitt romney will fight for every american job. >> of course, that's the jeep ad, michael crowley. sometimes these guys get caught in realtime because the governor of the state and everybody said didn't happen. >> right. well, chris, this is one of those wonderful examples where something can be factually accurate and still a complete lie. in other words, the language in that ad i believe stands up. that chrysler was going to begin making jeeps in china. >> for chinese. >> right. right. it made perfect sense. a lot of auto-companies do this. obviously, that's the clear implication of the ad. so the fundamental message is a lie. they just covered thems enough with the language. maybe they thought they wouldn't get called out on it. i think they were desperate to win ohio. maybe it was a net loss. >> i think it's one of those thin

sandusky trial died mysterious the president of china retired. "moneyball" marked the final performance of one of the best actors. you will be missed fat jonah hill. we learned the dangers of texting while driving a cruiseship, our soldiers showed they can piss whoever the hell they want. i'm todd came out of the pot cast. i can no longer be friends with you, but i am proud of you. good night, america. hello, milan! [ applause ] (cheers and applause) >> stephen: welcome to the report. good to have you with us. come on. >> stephen, stephen, stephen! stephen, stephen, stephen! stephen, stephen, stephen! stephen, stephen, stephen! (cheers and applause) thank you, ladies and gentlemen. (cheers and applause) thank you so much. please, sit down. folks, folks-- as a great lady once said we got to hang out. well, merry christmas, everybody. as with you see i have fully incringe eled my set for the week. i have candy cane columns back there. i have my two big balls right down here. i have poinsettias all back there, festive and deadly. (laughter) but let's not forget it is also night three of ha

are concerned. >>> one part of the rocket fell into the yellow sea. another fell into the east china sea. the third portion fell into the pacific ocean east of the philippines. >> when police officers responded to a call of a car crashing into a tree they thought it was just that. a car crash. but then they found out what cbs 5 reporter kiet do tells us is san jose's 44th homicide of the year. >> reporter: there haven't been this many since 1991. the crime scene was puzzling. a white truck jumped the curb and nearly backed into a tree. a teenage boy lay dead in the street. >> the truck is sitting at a weird angle. there's a body down near the truck. this is going to be where our crime scene unit really shines. >> reporter: the call came in at 3:00 p.m. as a traffic accident. paramedics found a fatal wound to the neck. the circle on the ground marks a bloodstain. it looks like the 18-year-old had been stab. >> we don't a pattern of this type of activity here. >> reporter: evidence markers littered the scene. neighbors say they heard popping noises. it's possible he stumbled on to the asph

with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> "nightline" continues from new york city with bill weir. >> it is highbrow, historic, it airs on pbs, which is why it's perhaps a bit of a shock that "downton abbey" is one of biggest hits on television these days. so how did a soap about fading aristocrats and their servants become so addictive to american audiences? abc's nick watt got a ra

, the stock market is undervalued right now because of all the noise in europe, the fiscal cliff, and china. with that in mind, i think your best bet is to stay near normal valuations for 2013. > there is nothing you want to take off the table right now, right? take some profits home so you don't have to deal with the tax gains issue of next year? nothing? > > put it this way: i would rather be in financials and materials than i would be in energies and utilities. so if you are overweight in energies and utilities, perhaps sell that. i think the best group next year is going to be financials and materials. > run with the banks. good to have you on the show. that is larry shover of sfg alternatives. > > thank you. legislation dramatically shrinking the power of unions has won approval in michigan. last night, governor rick snyder signed two bills into law that change michigan into a right-to- work state. thousands of protestors for and against the measure staged demonstrations inside and outside the capitol in lansing, michigan. despite shouts from pro-union workers, the gop-led house okaye

condemning the launch as a ea violation of international agreements. even china and russia called it regretable. north reko says the rocket is on a peaceful commission carrying a weather missile into orbit. >>> a san jose family may have nightmares for weeks. a truck crashed into their apartment the impact isn't their 2-year-old daughter flying. terry mcsweeney is at scene. >> reporter: happy ending, but a bump road to that happy ending the pick-up truck went racing through that fence, through that wall, into the crib where the 2-year-old was sleeping. if you don't believe this story has a happy ending, take a look at this. you can understand why 2-year-old nala robbins is speechless this was her wake-up call 3:30 this morning, a pick-up truck slamming into the wall of her bedroom, hitting her crib knocking her to the floor. >> i jumped and grabbed her and she was in shock and started crying. >> reporter: her dad says he believes in angels. nala's mom cessna la is an angel or at least was -- was acting like one. >> her crib is broken in half and she just flew out with no scratches

agreements. even china and russia called it regretable. north korea says the rocket is on a peaceful commission carrying a weather missile into orbit. >>> a san jose family may have nightmares for weeks. a truck crashed into their apartment the isn't their 2-year-old daughter flying. terry mcsweeney is at scene. >> reporter: happy ending, but a bump road to that happy ending the pick-up truck went racing through that fence, through that wall, into the crib where the 2-year-old was sleeping. if you don't believe this story has a happy ending, take a look at this. you can understand why 2-year-old nala robbins is speechless this was her wake-up call 3:30 this morning, a pick-up truck slamming into the wall of her bedroom, hitting her crib knocking her to the floor. >> i jumped and grabbed her and she was in shock and started crying. >> reporter: her dad says he believes in angels. nala's mom cessna la is an angel or at least was -- was acting like one. >> her crib is broken in half and she just flew out with no scratches. >> reporter: the driver of the truck tried to leave but neighbor

is struggling, at the time when japan is struggling and slowing down, when china growth is slowing, the world is looking to the united states to take the lead. as it has so many times in so many crises before. yet all they see is the stand-off and the inability to do what i think we all need to do. now, the choice is very clear. we have come to the point where i think most people looking at this understand that if we don't act now, the so-called kicking the can down the road no longer is a viable opportunity. no longer is something that we can afford to do. there's a group called kick it back, and i can see why the american people are frustrated over our inability to come to some agreement on this. and so obviously we hope that the president and speaker boehner will bring us that grand bargain by which we can evaluate and address before the end of the year. now, i have frequently said from this podium and back to the people that i represent in indiana that if we don't start with addressing the spending problem, it doesn't matter how much we raise in taxes or revenue, it doesn't matter how muc

has a healthy respect for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-sizprice. this is awesome. [ male annncer ] yes, it is, business pro. yes, it is. go

and one weak geek. he when satisfied to giving thousands of jobs to china when he was on the board of gateway commuter. >> a small counter protest by the pro rights to work group americans for prosperity was targeted by some of the angrier union workers. americans for prosperity had a tent that was partially closed down. steven crowder was actually punched several times. this is an issue that means a lot to a lot of people at least three people were reportedly arrested during yesterday's sometimes out of control dem station. >> the fox news contributor will be on fox and friends later today. in the meantime let's keep about this theme and look at who is talking today. >> he is saying this is the right choice to the state according to unemployment numbers right to work verses nonright to work. this was 'tis take last night. >> it's a tough choice. i sympathize with the unions in a global economy when you have to compete on wages and other elements you can either have high wages with low employment or you can spread around the wealth. in the right to work states unemployment is 6.9 p

the jeep factory heading to china and the nonsense heading to work requirement for welfare and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe, the reason the people telling the most truth won. and the people telling the most untruth lost. it's for that very reason. we were, all of us, paying attention because it really mattered. that's "hardball" for now. "politics nation" with al sharpton starts right now. >> thanks, chris. and thanks for tuning in. tonight's lead, republicans are picking a fight they can't win. new evidence today that president obama is in a strong position in this nation's fight for fairness. and republicans are on the losing end of this fight. now, new polls show 65% of americans believe the president does have a mandate to raise taxes on the wealthy. 62% say he's got a mandate to protect medicare. and 64% says he's got a mandate to protect social security. that is a winning hand. the president has it and he knows it. >> i'm pretty confident that republicans would not hold middle clas

, he said that this is obviously a slap in the face for china as well if they go ahead with this launch because china just, a day before they've announced this possible rocket launch, had been to see them. there had been a politburo member going to pyongyang trying to convince them not to carry out this rocket launch, and yet they've gone ahead with it anyway. certainly we can see relations souring a little there. >> paula, when they've had launcheses that have failed in the past, do they admit the failure? >> well, you know, that's interesting, anderson, they actually did admit back in april the launch was a failure. that was the first time ever that we'd heard those words from pyongyang, the fact that something had failed. in the past, back in 2006, 2009, they had claimed domestically that it was a grand success and that they managed to put a satellite up into orbit. internationally we fwhoo that wasn't the case and they were failures but internally they always wanted to say things were a success. that changed in april probably because they had the international media camped out in py

this up near the yellow river which is right across from china: i have been there. you can throw a stone across, it's that narrow. the chinese are right there. the chinese had to see this one coming and it's done each in defines of the chinese. >> let's face it, the real thing in this thing is the chinese and they aren't happy about this. but what are their choice necessary can they pull back their support from north korea and watch the state collapse and watch, you know, millions of refugees flood into china or they can offer some minimum support to keep them alive. this is a criminal state, a mafia state. this is a state that's only run to support this ruling family of the kims, and the only reason they launched this rocket is not for scientific research, but to intimidate and blackmail the rest of the world so they can continue to get food aid, fuel to support this failing regime from the other states in the region. so this is nothing more than, as far as i'm concerned, and most people are concerned, this is nothing more than nuclear blackmail, greta. >> the thing that is so profoundl

.com from booyah. >> what's going on? >> caller: listen i'm dieing to get back into china. it looks like fidu is leading without me. can i jump back in? >> man come on, we need to diversify a way to play china. which is why my charitable trust which you can follow along with actionworksplus.com is buying the ishares trust, the fxi. buy buy buy. goes to 42. go to eddie in florida. a lot of florida calls >> caller: hello, jim, a big booyah from port st. louis lucy, florida. thanks for all the help you've give mean over the years. i wish you continued good health. >> very kind. what's going on there? >> caller: okay. i own precision drilling, pbs a long time. do i stay to own it or sell it? >> i'm a big quality guy. if you're going to be in that killing game you want to be in slum burger, alias buy meaning slumber j. best in in breed. no one ever did wrong by going best if breed. mike in illinois >> caller: booyah, mr. kram. >> what's going on? >> caller: merry christmas to your and your staff. listen what's this mass welcome the biomed, admd? >> i wish i knew. without talking to the ceo di

turkey, you go to china, you go to india or you go to the united states, go up to the dakotas, you go to missouri, you go to joplin, what you find is that people are more resilient than we give them credit for being. people will will come out in their community and help themselves given the opportunity. now, again, back to the politics. being a heavily kurdish region, they don't have the greatest relationship with istanbul, they don't have the greatest relationship with the turkish government. it's a completely different world. it's completely opposite. when their armed forces show up, it's not really lacked upon as a good thin. this is why i want to say thank you to our military that's here today, to the army, the navy, the military in general, the marines, the coast guard, even i saw a couple air force running around here yesterday. the fact that you are here and you are in san francisco and you do this every year, it says a lot. because we lack at -- look at this as a good week. we have a great working relationship and after being there and seeing that it's not a good relatio

china sea and a third part fell into the pacific ocean east of the philippines about 2,000 miles away. >>> 4:43 now. how about a look at weather? it's going to start looking like christmas around the bay area. >> i like that cold air white christmas at least on the mountaintops. maybe a dusting of snow. very cold temperatures as the system drives in from the gulf of alaska. hi-def doppler shows showers right now and that's what we'll see to throughout, more nuisance showers throughout the morning but you can see a good cell along the peninsula to daly city, pacifica heavier rainfall very shortly. and you're going to see this sporadic showers throughout the morning hours, the possibility of an isolated thunderstorm and, yes, maybe even a couple of snowflakes over the mountaintops. look at the cold front swinging through behind that. you see all those cold clouds? those continue to drop on through at least through the morning hours. temperatures fairly chilly in the 40s. even with cloud cover, that's cold. 52 degrees in san jose and san francisco. not much warmer toward the afternoon. t

than normal impacts of the tides and look at china camp along the bay. it is flooded. it is not linked to climate change but scientists say it can help with research. in fact they are asking you to take pictures. event to show what climate change will look like in the future. >>> and we will find a link to where you can share your photos of the king tides with scientists. just look for web links on hot topics on www.ktvu.com. >>> and if you like crab, crab boat captains went out before first light and went you to the sea. they reached a new price agreement. the going price was $3 per pound before thanksgiving but it went downright after the holiday. fish brokers agreed to pay that price again and this was good enough to get the crabs back -- crab boats back out in the ocean. >>> she is fighting to get her pet back. she could be open to allowing the monkey to be staying at sanctuary if it's being treated well but she knows the monkey wants to stay with her. >> if i walk into the room, let him choose. does he want to go to me or to the other monkey mom. >> and the monkey broke loose from

share their missile technology. >> what about ally, china? china -- >> that was a big surprise. >> let me quote, expressed regret, quote/unquote. regret from china? >> china has been their backer, tried to support them quietly in all these talks. but for them to come out today and say we regret that this happened -- >> north korea further isolating themselves. >> further isolating themselves and look at this from another perspective they didn't fire it anywhere close to japan because the japanese have set up anti-ballistic missiles and they have told the north koreans, we will shoot them down. remember what the fundamentals are of this north korean missile program. first of all, they'll sell it to anybody that has the cash. but second of all, it is blackmail. give us money for food, give us money for technology, give us money, give us energy, give us oil, otherwise we may kill a whole lot of people. we're going to be out there with that threat and they will be appeased. strategy isn't working with the south koreans. isn't working with the japanese. other asians are now lining up. they'

of bermuda. >> reporter: they can take it to singapore or china. it doesn't to come back to america. there is no law which says if you make money overseas it must come back here. megyn: now they are getting upset overseas. the french tax authority removed computer files in italy. the tax police searched the come numbers milan offices. they say they don't believe they are paying their fair share of tax. that may or may not be true. but if it's legal how much can they do? >> reporter: it's perfectly legal. they investigated various companies and put pressure object them from a public relations standpoint. starbucks, for example, they weren't forced to hand over money but they were pressured into making a special payment of $10 million pounds, $16 million to the british chancellor of the exchequer. they did it for good p.r. maybe something similar will happen with google. they don't have to pay. they have done perfectly legal stuff. megyn: he reportedly turned down being treasury secretary, or the new secretary of business. he says it's called capitalism. we are proud to be capitalisti

, what do you think? >> i can understand why companies are sending their manufacturing to china if this is the sort of workers they are getting. do these people have families? the man, you are blooping them out. i have watched the video several times. >> and watch the tent in the background. >> i know, and he uses the f worked over and over. does he have a wife or daughter or any relatives or neighbors that are watching him behave this way? the cold-cocking. >> and boom. >> shocking. most the times he's holding his hands up to show he's peaceful. this is the left this america and unfortunately a lot of michigan has become that way, why is why most of the michigan anders you meet, you meet after they leave the state. because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporti

power house now days, isn't it? china, the rise of asia this the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their cli

is the economic power house already now and in the future. you have china militarizing in that region, north korea and so much commerce, money, and trade that everyone depends on now in asia. to have the militarization of the region by two such uncertain countries with uncertain tensions it is a chilling affect on the world economy. first the u.s., the national security concern about what north korea mooib might do. the deeper, broader, long-term concern about economics and trade in the region, but for them to achieve this kind of success with a long-range missile launch, that means combined with their nuclear program, by the way, of course means the concern now full tilt that they have the capability for an intercontinental ballistic missile launch, potentially in the future with a nuclear warhead and that could put hawaii, alaska and the west coast of the united states one day at risk. >> victor cha, when the government says at no time was the missile or the debris a threat to america. is it a matter of time before kim jong-un is a threat to america. >> it is only a matter of time and the time i

is going to look like in the future. >> reporter: this road running through china camp flooded and it will likely do so again on thursday. the exact impact on any particular location could change based on weather to any number of factors. ken pritchett, ktvu news. >> and we have a link where you can share your photos. >>> international warnings defied. what we know so far about a rocket launch tonight by north korea. >>> back here in just 10 minutes, tracking showers right now that are moving through the area. how they impact your wednesday morning commute. i'll see you back here. >> thieves storm a bay area mall in search of jewels, how police caught up with the suspected robbers. music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... across your family's devices, all in one plan. get a droid razr m by motorola for $49.99. sayin

what sea level rise is going to look like in the future. >> reporter: this road running through china camp flooded and it will likely do so again on thursday. the exact impact on any particular location could change based on weather to any number of factors. ken pritchett, ktvu news. >> and we have a link where you can share your photos. >>> international warnings defied. what we know so far about a rocket launch tonight by north korea. >>> back here in just 10 minutes, tracking showers right now that are moving through the area. how they impact your wednesday morning commute. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.

of course is a real economic powerhouse nowadays, isn't it? china, the rise of asia in the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. w? >>> we've talked about the shooting at the oregon mall. ahead, more accounts. >>> more on the shooting outside of portland coming up. first raw politics. late new developments tonight. two new offers on the table, one from the white house, a counteroffer from house republicans and the details are sketchy. the white house offer includes $1.4 trillion in new tax revenues. democratic source says the tax hikes are paired with a serious spending cut number with real entitlement reform. we are hearing negative reaction from one gop aide saying 1.4 isn't progress in this late game

look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal deal. the fed is the onlythe fed has to change its policy unsustainable over time. >> right. >> one of the most successful physical consolidations in the developed, democratic world in canada, in the mid 1990's, and i ask the canadian politicians how did you do it? the public went from cheering on spending to deficits within a matter of a year or two. the government in canada now risks some peril if they do not balance their budget. the answer you most frequently get is all they had to do was say, 40% of revenues was going to pay the interest bill on the canadian debt, and the public immediately realized that was not a great idea. we cannot make that argument. we run these massive deficits and because interest rates ha

to america at 14, 15, $16 an hour. we don't celebrate that. i'm glad they're here instead of china, but heck. if we had an economy that would support $30-an-hour jobs, i'd be for that. better than a ceo. you know, destroying a company and then getting a $200 million payout. but that said, what is wrong with a state allowing an american to work where he or she wants to work without having to be compelled to pay union dues? >> well, this state, michigan, was such a part of the core of unionism in this country, the foundation of the united automobile workers which at one point had over 1 million workers in its enrollment is now down to roughly maybe 350,000 workers. the united automobile workers, everybody can own a car in america. the history of unionism has been inextricably linked to the growth of the middle class, as you know, over the last 60 years of american history. the right-to-work legislation that has passed now in 24 states, i don't think you can dem demonstrably prove that it leads to higher wages, that it leads to marginally -- >> but what's wrong with giving people the freedom to

it comes to who is helping them, there is mixed reports. the assumption is china does, but did iran? >> there is all sorts of speculation of who is helping who. north korea has been a big proliferator, but they haven't been successful in producing their own long range rocket. let's make no mistake for officials who said this had nothing to do with launching a weather satellite. they consider this a test of a long range ballistic missile that would ultimately have the capability of carrying a nuclear warhead to the west coast of the united states. u.s. sources tell us that north korea is sitting on dozens and dozens of nuclear weapons. the big question is, have they been able to miniaturize them to fit on a rocket yet. that is still unclear. >> thank you, sir. next, how democrats are trying to pressure republicans by a little politics in the fiscal cliff talks. check this out. >> i think ultimately the federal government shall set forth a uniform pattern of registration in voting so that no citizen will have a problem at this point. >> we are opening up the nbc archives as "meet the

up 1.7 billion dollar loan from china development bank. plans call for 10,500 homes at hunter's point and 8,000 residences on treasure island. it would create two new neighborhoods in a city short on housing. >>> new school district one of 16 to be awarded federal grand. the district came in second in the nation it will receive more than 29 million dollars over the next four years. new haven won because of focus on quality personal instruction. sizes, by high-tech tools and hire inclass coaches to personal light learning. i was one of 372 district -- it was one of -- 372 districts to apply. >>> rain jackets, tights, heavier coats, chilly, the system doesn't have a lot of moisture, breezy, foggy in spots and a little light rain. we have it all, in fact, as we look outside right now, you notice the lights, live doppler, here's the light rainfall around the bay area most just dotting the landscape nothing heavy we haven't seen the cold air move in yet east bay around berkeley into san francisco, also down around 280, daly city a little wet weather as well in concord this morning out clos

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